Landowners representing the Petroleum Development License two (PDL 2) areas in Kutubu, Southern Highlanders Province and the Southeast Mananda of Hela Province have removed the 14 days ultimatum given to the Government through Petroleum Minister Jimmy Maladina yesterday at Airways after a peaceful discussion with the Minister. The petition given to the Government through the petroleum minister was to address the issues affecting the rights and benefits of the people. The three agenda they presented to the Government that needs to be address was: The petroleum minister to immediately make a ministerial determination Under Section 168A of the Gas and…
Author: Maxine KAMUS
The Minister for Petroleum Jimmy Maladina has confirmed that he will proceed with filing a Supreme Court reference to seek legal direction on the implementation of the Ministerial Determination on impacted Petroleum Development License two (PDL 2) and to clarify whether the Kutubu beneficiaries are preserved under the Oil and Gas Act. Minister Maladina said that to ensure clarity and certainty, he is seeking the Supreme Court’s guidance on this matter. He stated that both parties (Landowner Group the Fasu and Foe Tribe) have been invited to join the proceedings should they wish to do so. Minister Maladina said that…
Nambawan Super Limited (NSL) announced the appointment of Ms. Paula Allen as an Independent Trustee Director on the NSL Board. NSL stated that Ms. Allen brings over 25 years of executive and director experience across a variety of sectors, including superannuation, finance, wealth management, technology, emerging technologies, and infrastructure in both Asia and Australia. “Throughout her career, Ms. Allen has held numerous high-level positions, including Director, Adviser, Chief Executive Officer, Head of Strategy, and roles focused on Operations, Merger and Acquisition advice (including superannuation and investments), Finance, Technology, and Change Projects.” “Her extensive experience includes serving as Chair on various…
With many issues affecting business operations in the country and the increase in Law-and-Order issues as well, Prime Minister James Marape has reassured investors that the PNG Government is taking steps to improve the business environment in PNG. PM Marape stated that the government recognizes industry challenges such as high operational costs and investment hurdles, but investors should know that PNG is taking steps to improve the business environment in the country. Speaking at the high-level meeting for Papua New Guinea’s official membership into the Council of Palm Oil Producing Countries (CPOPC) and focusing on Palm Oil Mr. Marape reaffirmed…
Prime Minister James Marape has welcomed Papua New Guinea’s official membership in the Council of Palm Oil Producing Countries (CPOPC), marking a historic milestone for the nation’s oil palm industry. PNG joins Indonesia, Malaysia, and Honduras as the fourth member of the global palm oil organization, strengthening the country’s position in international trade and sustainability advocacy. Speaking at a high-level meeting attended by CPOPC Secretary-General Dr Rizal Affandi Lukman, Deputy Secretary-General Datuk Nageeb Wahab, PNG’s Oil Palm Minister Francis Maneke, Indonesian Ambassador His Excellency Andriana Supandy, Agriculture Secretary Dr Sergie Bang, and Oil Palm Industry Corporation General Secretary Kepson Pupita,…
The PNG Tourism Promotion Authority (TPA) and the Australian Government Funded Kokoda Initiative Partnership (KIP) recently signed a Memorandum of Agreement (MOA) to boost tourism infrastructure and services along the Kokoda trail. The MOA signed at Ownes Corner on 4, February 2025, launched the Kokoda Sanitation Project. The Kokoda Sanitation Project is part of a broader effort to strengthen sustainable tourism development in the country. It will address inadequate and poor sanitation along the trail which have been long standing challenges for both tourists and locals. PNG TPA Chief Executive Officer (CEO)Eric Mossman Uvovo stated during the signing that the…
New Ireland Province Acting Governor Mr. Sammy Missen presented the Provincial budget of more than K203million to Treasurer Ian Ling-Stuckey at Vulupindi Haus in Port Moresby yesterday. The Acting Governor was accompanied by New Ireland Province Administrator Richard Andia and other senior officials from New Ireland. “The 2025 New Ireland Government Budget is K203million compares to the K172million in the 2024 Budget.” “Our Revenue Estimates in the 2025 Budget reflect a total increase of 18% or K30million over the 2024 Budget,” Acting Governor Sammy Missen stated. Mr. Missen stated that Grants from 287 Revenue had increased by 17% which is…
The shortage of Foreign Exchange Currencies (FX) remains an issue for businesses in PNG. According to a few major business houses in the country, the shortage of FX is one of the main issues that is affecting their businesses. Recently, CPL Head of Pharmacy Mr. Pradee Panda said that after January 10 events when CPL lost four (4) of its supermarkets which they were able to rebuild three (3) that had an impact on their cashflows and also inventory. Mr. Panda stated that the shortage of FX is now still a challenge as it still has an impact on their…
Today marked the signing of two new Memoranda of Understanding between the Federal Court of Australia and the National and Supreme Court of Papua New Guinea (PNG) and the High Court of Solomon Islands. Australia High Commission to PNG in a statement stated that our national courts play a critical role in a safe, prosperous and peaceful region. Australia is proud to partner with PNG and the Solomon Islands in pursuing this common goal. “Chief Justice Sir Gibuma Gibbs Salika represented the Supreme Court of PNG, while the Federal Court of Australia was represented by Chief Justice Debra Mortimer, and…
The Independent Consumer and Competition Commission (ICCC) has re-affirmed State-Owned Enterprise Minister William Duma’s position on Non-performing Heads of State-Owned Enterprise (SOEs). ICCC Commissioner, Paulus Ain said that ICCC as the regulator of some of these SEOs, has re-affirmed the minister’s position. He stated that while it is crucial to note the current progress and impact of the SOEs commercial performance in terms of their respective financial, legal and governance environment, it is equally important to put on record the regulated oversight by ICCC which has contributed to the high performance of some of the state owned entities to date.…